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How Interest Rate Hikes are Impacting NYC Real Estate Market

The recent decision by the Federal Reserve to increase interest rates for the 10th time, from 5 percent to 5.25 percent, raises important questions about the factors driving this policy shift. What are the reasons behind the Federal Reserve’s decision, and what potentially should New York City (NYC) homebuyers consider in light of this development? […]

How will the Recent Bank Collapses Affect Your Mortgage Interest Rate?

Silicon Valley Bank made national news last week with its collapse, prompting the Federal Reserve, Federal Deposit Insurance Corp. and Treasury Department to create an emergency program to backstop all deposits using the Fed’s emergency lending authority. Silicon Valley Bank became the second largest bank failure in U.S. history, and the largest since the 2008 […]

Summer 2022: To Rent or To Buy?

As of July 2022, renters are having a rough go of it. Rents have been steadily increasing to meet higher demand & to combat increasing expenses for landlords (read: inflation); some even going so far as to offer gifts & crazy increased rents to secure their apartment. The whole rental process can be daunting, more […]

Planning a Purchase in 2022? Make Sure You’re Keeping an Eye on Interest Rates

If you’re planning on buying a home in the near future, there’s one key area you’ll need to keep an eye on — interest rates. Below, we’ll dive into what these numbers have looked like over the past year, what they’re projected to look like going forward, and what this all means for your future […]

6 Questions to Ask Yourself Before You Refinance

Refinancing your mortgage can be the smartest financial decision you ever make. It can also be risky. And a time sink and a mental drain. But when you do it right? Hoo boy, can it mean big savings in the long run. So if you’re debating it, we’re giving you six questions to ask yourself […]

The Most Common Loan Programs Explained by a Mortgage Expert

If you are thinking of purchasing a home and need to secure a loan you may want to brush up on the different types and which one is best for you at this time. Our good friend and mortgage expert, Mark Maimon of Freedom Mortgage, has made it easy to figure out and analyze each with the […]

A Mortgage Expert Explains Locking in an Interest Rate.

We’d like to share more expert advice from Mark Maimon of Freedom Mortgage. Our regular co-host during our Buying into Brooklyn, he always steers buyers in the right direction and this time he’s written a very informative blog about knowing when to lock in your interest rates. It can certainly be a bit confusing for many and Mark answers […]

What Fed Rate Hike Means for Mortgage Rates by Jane Herro

The Federal Reserve decision on the 15th to lift its benchmark short-term interest rate by a quarter percentage point is likely to have a domino effect across the economy as it gradually pushes up rates for everything from mortgages and credit card rates to small business loans. Last week, the average rate of a thirty-year fixed […]